2 years ago
Date: 02 Jul 2022 - 08:09
Following the recent enhanced volatility bitcoin has actually calmed and remains well below the coveted 20000 line. Most alternative coins are also quite stagnant on a 24hour scale except for ATOM and XTZ which are well in the green.Bitcoin Sits Below 20KAs it was the sentiment in almost the entire Q2 which turned out to be one of bitcoins worst ever the past several days have seen BTC going on the decline.The cryptocurrency stood above 21000 up until June 28 but then the bears reminded of their presence. At first they pushed BTC back down to 20000 where the asset remained for a few days.However it eventually dropped below that level and marked a new 10day low of below 19000.Surprisingly the asset went on the offensive at that point and skyrocketed to just under 21000.However that was shortlived and bitcoin retraced back to below 20000 in minutes. Since then the asset has lost a bit more value and now stands just inches above 19000. Its market cap is at 365 billion.BTCUSD. Source TradingViewNotable Bitcoin NewsDespite the lack of success in the past VanEck has decided to try again by applying for another spot Bitcoin ETF with the SEC.The CFTC is working on what it described as its largest BTCrelated scam case involving 1.7 billion in the cryptocurrency.Several onchain indicators suggested that bitcoin might not have found its bottom yet which could be at 15000.XTZ and ATOM Lead the WayThe altcoins went through similar volatility at the end of the week but most are calm now.Ethereum continues to remain above 1000 but the asset has lost over 200 in the past several days. BNB is just under 220 following a minor daily decline.Ripple Cardano and Shiba Inu are slightly in the red on a daily scale while LEO has dropped by more than 5.In contrast Solana Dogecoin Polkadot and Tron have marked insignificant gains. More impressive price increases come from ATOM and XTZ 8211 up by 8 and 7 respectively.The crypto market cap continues to struggle and is down below 900 billion as of now.Cryptocurrency Market Overview. Source Quantify CryptoIndustry NewsThe suffering cryptofocused hedge fund 3AC filed for bankruptcy while Voyager Digital had to suspend withdrawals due to its exposure to Three Arrows.The European Commission and other member states agreed to implement strict regulations on the crypto industry.Coinbase denied the recent accusations of selling sensitive user data to the US government.
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| USDT Market | Price | Change (24H) | Market Cap | Last 7 Days |
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39997.79 $ | 0 % | 760.32 Billion $ |  |
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3001.33 $ | 0 % | 360.05 Billion $ |  |
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1.001 $ | 0 % | 82.65 Billion $ |  |
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398.86 $ | 0 % | 59.29 Billion $ |  |
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1.004 $ | 0 % | 50.96 Billion $ |  |
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101.49 $ | 0 % | 33.28 Billion $ |  |
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0.122 $ | 0 % | 31.52 Billion $ |  |
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0.7024 $ | 0 % | 30.96 Billion $ |  |
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82.96 $ | 0 % | 29.44 Billion $ |  |
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0.9455 $ | 0 % | 29.42 Billion $ |  |
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